Oswestry Energy Fair - Dunford

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Oswestry Energy Fair - Dunford.

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Oswestry Energy Fair - Dunford

  1. 1. Energy in the UK Balance, Competition and Security of Supply Campbell Dunford October 2005
  2. 2. The Energy White Paper Our Energy Future: creating a low carbon economy <ul><li>Environmental Protection </li></ul><ul><li>Security of Supply </li></ul><ul><li>Affordable energy </li></ul><ul><li>Competitive energy markets </li></ul><ul><ul><li>Industrial competitiveness </li></ul></ul><ul><li>A truly sustainable energy policy </li></ul>
  3. 3. BETTA: “British Electricity Trading and Transmission Arrangements” <ul><li>Bilateral trading between generators , suppliers , traders and customers </li></ul><ul><li>Forwards and futures markets: contracts are struck over timescales from years ahead to on-the-day </li></ul><ul><li>Balancing Mechanism: National Grid Company (NGC), accepts offers and bids for electricity close to real time to balance the grid </li></ul><ul><li>An Imbalance Settlement process </li></ul><ul><li>No Central Electricity Generating Board </li></ul>
  4. 4. Consequences of NETA/BETTA <ul><li>Wholesale price fell by 20% from 03.01 to 10.02 (40% 1998 to 2002) </li></ul><ul><li>Small margins for generators </li></ul><ul><li>Low incentive to invest for future conventional generation </li></ul><ul><li>But, by 2020 nearly 70% of currently operating plant will be obsolete. </li></ul>
  5. 5. 0 100 200 300 400 500 1990 1995 2000 2005 2010 2015 2020 2025 imports renewables nuclear gas oil Coal TWh Source: DTI’s EP68 CL data - extended slightly to 2025 DTI Projections for Power Sector
  6. 6. Fuel Mix to 2050: One DTI Scenario
  7. 7. Renewables Obligation <ul><li>Complex, unintended consequences </li></ul><ul><li>Expensive (£750 million to £1,000 million p.a.) </li></ul><ul><ul><li>70% of renewable generator’s income comes from subsidy </li></ul></ul><ul><li>No distinction made between quality variations of competing technologies </li></ul><ul><li>Adequate, Value for Money? </li></ul>
  8. 8. Industrial Renewables or Community Renewables <ul><li>Industrial renewable electricity generation has been tried, with unsatisfactory results </li></ul><ul><ul><li>Denmark, Germany </li></ul></ul><ul><li>Costs and difficulties have been under-estimated </li></ul><ul><li>Industrial renewables, for electricity , require reconsideration </li></ul><ul><li>Golden Opportunity for Non-electricity renewables </li></ul><ul><li>Domestic/Community Renewables </li></ul>
  9. 9. Community and Domestic Renewables
  10. 10. Non-Electricity Renewables Firm Electricity Renewables
  11. 11. Renewables in the UK’s New Emphases Needed <ul><li>Realism in regard to the overall energy portfolio </li></ul><ul><li>Ground-upwards development: </li></ul><ul><ul><li>Domestic </li></ul></ul><ul><ul><li>Community based </li></ul></ul><ul><li>Realism with regard to UK’s role in tackling Climate Change </li></ul>

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